Is it waiting for a breakout?its paid up is too low,just 3 crore. so if anyonewants to manipulate it he needs several month to collect(as its trading volume is low).Is its collection over? is it waiting for next jump?who know?
lets see some fundamental.its NAV is 490tk.lets see other MF.sims nav is 3(it is less than three,i have just taken it for rough estimation).Grameen2 =11 taka.so their price is 5 or 6 time to their nav.if we take price will be 5 time of NAV then 7 th icb price may be above 2400.If we consider price may be 3 times of nav then its price should be 1470tk.But in dse we saw that sometimes people buy overvalued share.They want to buy running share which may give 4 day profit(though maximum time maximum people get losses from 4 dy trade).
paid up of 7th icb is only3 crore taka.So if anyone wants to play game with it he should wait 3 to 4 month to collect.Because if he wants to collect it very quickly then its price will be shot.It is already four month of downtrend of 7th icb.Have someone collected it?Does he or they want to play with it?i dont know.
Lets see some charts.It is now on consolidation phase.It is a good phase for a stock to go up.If market is stable and general paople participation is good i think this stock will go up.In chart i have show its past history.
****just my own thoughts.dont invest in this script just reading my thoughts.Apply your own judgement.
optimizer
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2 comments:
Dear Optimizer
Please suggest does it wise to invest on these stock (7thICB), as i am in loss in Bank sector. How far does it go?
i cannot tell you directly to buy a particular stoct.And it is not right.I have just shown you the analysis.There is a possibility to rise of 7th icb.And how far go one cannot say.I will keep it till my system tell me to keep.And it also depends on strategy.
thanks
optimizer
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